Gold futures on bursa malaysia derivatives closed lower on monday:old futures on Bursa Malaysia Derivatives closed lower on Monday, tracking the softer COMEX gold futures performance, as investors digested hawkish stances on inflation by major central banks.

According to BERNAMA News Agency, SPI Asset Management managing partner Stephen Innes stated that major central banks are not prepared to tolerate any renewed inflation impulse, particularly those stemming from higher energy prices. This approach has placed pressure on the precious metal. When major central banks maintain a firm stance and real yields remain stable, gold tends to lose its appeal.

Traders are interpreting this as a pre-emptive measure by policymakers to prevent energy-driven inflation from gaining momentum. At the close, the spot-month April 2026 contract fell to US$4,610.70 per troy ounce from US$4,625.80 on Thursday, while the May 2026 contract slipped to US$4,623.70 per troy ounce from US$4,659.50.

The June, July, and August 2026 contracts also settled lower at US$4,638.20 per troy ounce compared with US$4,670.20 previously. Trading volume dropped to six lots from 28 lots last Thursday, while open interest decreased to 72 contracts from 97 contracts previously.

Physical gold was fixed at US$4,636.90 per troy ounce at the London Bullion Market Association afternoon fix on May 1, 2026.